excise duty receivable is current asset and does not include in purchase value

excise duty receivable is current asset and does not
include in purchase value ?

Question Posted / neeraj kumar

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excise duty receivable is current asset and does not include in purchase value ?..

Answer / thanuja

Yes, excise duty receivable (ie., which is billed by a
vendor in our purchae bills) is a current asset. It is not
included in purchae value.

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